Can I retire at age 72 with 14,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,189,139$1,178,546$1,168,212$1,158,125$1,148,276$1,142,477
2 years$588,682$577,719$567,093$556,791$546,798$540,945
3 years$388,557$377,546$366,947$356,741$346,911$341,186
4 years$288,513$277,536$267,043$257,012$247,420$241,867
5 years$228,503$217,592$207,237$197,410$188,085$182,720
6 years$188,509$177,680$167,478$157,870$148,825$143,655
7 years$159,953$149,215$139,175$129,794$121,035$116,062
8 years$138,546$127,905$118,031$108,881$100,410$95,636
9 years$121,905$111,364$101,660$92,742$84,560$79,982
10 years$108,600$98,162$88,630$79,945$72,049$67,667
11 years$97,721$87,388$78,028$69,576$61,965$57,774
12 years$88,662$78,435$69,248$61,027$53,697$49,695
13 years$81,002$70,882$61,869$53,878$46,825$43,008
14 years$74,442$64,430$55,589$47,827$41,047$37,409
15 years$68,762$58,858$50,190$42,653$36,141$32,679
16 years$63,797$54,001$45,504$38,191$31,941$28,651
17 years$59,421$49,733$41,407$34,315$28,321$25,197
18 years$55,535$45,955$37,799$30,924$25,182$22,218
19 years$52,063$42,591$34,603$27,943$22,445$19,637
20 years$48,941$39,578$31,757$25,308$20,048$17,391
21 years$46,120$36,865$29,211$22,968$17,941$15,428
22 years$43,560$34,412$26,922$20,883$16,082$13,707
23 years$41,225$32,185$24,858$19,019$14,436$12,195
24 years$39,088$30,155$22,989$17,346$12,975$10,863
25 years$37,125$28,299$21,293$15,842$11,676$9,686
26 years$35,316$26,597$19,748$14,485$10,517$8,644
27 years$33,644$25,031$18,338$13,258$9,482$7,721
28 years$32,094$23,586$17,047$12,147$8,556$6,902
29 years$30,654$22,251$15,864$11,139$7,726$6,173
30 years$29,312$21,014$14,777$10,223$6,981$5,524
31 years$28,059$19,865$13,776$9,389$6,311$4,946
32 years$26,887$18,796$12,853$8,629$5,709$4,431
33 years$25,788$17,800$12,001$7,935$5,167$3,971
34 years$24,756$16,871$11,213$7,301$4,678$3,560
35 years$23,785$16,002$10,483$6,721$4,237$3,192
36 years$22,871$15,188$9,807$6,190$3,839$2,864
37 years$22,007$14,425$9,179$5,703$3,479$2,569
38 years$21,191$13,709$8,596$5,257$3,154$2,306
39 years$20,419$13,036$8,053$4,847$2,860$2,070
40 years$19,687$12,402$7,548$4,471$2,594$1,858
41 years$18,993$11,806$7,078$4,125$2,354$1,669
42 years$18,333$11,244$6,639$3,807$2,136$1,499
43 years$17,706$10,713$6,230$3,514$1,938$1,346
44 years$17,109$10,212$5,848$3,245$1,759$1,209
45 years$16,540$9,738$5,491$2,996$1,597$1,086
46 years$15,998$9,289$5,157$2,768$1,450$976
47 years$15,480$8,865$4,845$2,557$1,317$877
48 years$14,985$8,463$4,553$2,363$1,196$788
49 years$14,512$8,081$4,280$2,184$1,086$708
50 years$14,059$7,720$4,024$2,018$987$637

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 72 starting with $14,400,000, adding $5,305 every year, while hoping to spend $58,312 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 52/22/26 Blend
71$14,400,000$14,400,000$14,400,000$14,400,000
72$15,874,272$15,111,072$14,887,872$16,584,049
73$17,431,404$15,789,471$15,324,572$17,755,152
74$19,145,410$16,499,157$15,773,948$19,022,020
75$21,032,228$17,241,602$16,236,361$20,398,985
76$23,109,422$18,018,347$16,712,186$21,896,567
77$25,396,344$18,831,008$17,201,806$23,526,333
78$27,914,321$19,681,277$17,705,616$25,300,998
79$30,686,849$20,570,927$18,224,021$27,234,547
80$33,739,820$21,501,815$18,757,439$29,342,358
81$37,101,767$22,475,889$19,306,298$31,641,345
82$40,804,127$23,495,187$19,871,039$34,150,112
83$44,881,544$24,561,848$20,452,115$36,889,128
84$49,372,193$25,678,110$21,049,992$39,880,909
85$54,318,140$26,846,320$21,665,149$43,150,232
86$59,765,737$28,068,936$22,298,079$46,724,358
87$65,766,064$29,348,536$22,949,286$50,633,290
88$72,375,407$30,687,820$23,619,292$54,910,044
89$79,655,792$32,089,616$24,308,632$59,590,960
90$87,675,566$33,556,890$25,017,854$64,716,037
91$96,510,045$35,092,749$25,747,524$70,329,302
92$106,242,226$36,700,450$26,498,222$76,479,224
93$116,963,566$38,383,405$27,270,545$83,219,160
94$128,774,849$40,145,191$28,065,108$90,607,853
95$141,787,134$41,989,556$28,882,540$98,709,979
96$156,122,806$43,920,428$29,723,489$107,596,751
97$171,916,727$45,941,925$30,588,621$117,346,580
98$189,317,515$48,058,361$31,478,621$128,045,809
99$208,488,939$50,274,258$32,394,193$139,789,518
100$229,611,472$52,594,358$33,336,059$152,682,412